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U.S. debt limit vote set for Wednesday; Obama likely to sign

From reuters.com

A measure to extend the U.S. debt limit for nearly four months moved closer on Tuesday to a vote and the White House said the president would sign the bill if it cleared Congress, easing uncertainty that could have threatened the U.S. economy. The debt limit "suspension," which would allow the government to borrow money until May 19, is due to come to a vote in the Republican-controlled House of Representatives on Wednesday without amendments. House Rules Committee Chairman Pete Sessions of Texas said he believed the measure would achieve "near unanimous support" from the House Republican caucus, which would ... (full story)

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